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Ringgit slips against US dollar as FOMC rate hike fears mount
KUALA LUMPUR, July 23 — The ringgit eased against the US dollar in the early session, tracking other major currencies, as the domestic unit is likely to stay cautious amid lingering West Asia tensions that further disrupt global oil and
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Google Cloud up 80pc, profits triple, capex surges as Alphabet tops Q2 expectations
SAN FRANCISCO, July 23 — Google’s cloud business grew by more than 80 per cent, the company said on Wednesday, which exceeded investor expectations who are looking for signs that the company’s AI investments are paying off. CEO Sundar Pichai
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Mynews buys Rawang industrial land for RM24.7m to build new distribution centre
KUALA LUMPUR, July 22 — Mynews Holdings Bhd’s wholly owned subsidiary Mynews Retail Sdn Bhd has entered into a sale and purchase agreement (SPA) with Thung Hing Metal Industry Sdn Bhd to acquire 13.5 acres leasehold industrial land in Rawang,
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Trump imposing 100pc tariff on generic drugs from August 2028
WASHINGTON, July 22 — US President Donald Trump announced yesterday the imposition of steep tariffs on imported generic drugs from August 2028, a move he said was aimed at onshoring production of such pharmaceutical products. “Effective August 1st, 2026, all Generic
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CIMB Malaysia now supports Apple Pay: Limited to credit cards, get up to RM118 cashback
KUALA LUMPUR, July 21 — Apple Pay is finally available to CIMB Malaysia customers after almost 4 years since the feature was made available for Malaysian consumers. Previously, CIMB said that they were working to support Apple Pay in 2H
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Judge pauses US$110b Paramount-Warner Bros Discovery merger as 12 US states sue to block deal
SAN FRANCISCO, July 21 — A federal judge in California on Monday ordered Paramount Skydance and Warner Brothers Discovery to temporarily pause their merger while a case brought by multiple states challenging the deal moves forward. The companies are prohibited
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Oil rally cools as Iran hints diplomacy with US is still alive
HONG KONG, July 20 — Oil scaled back gains after hitting its highest price in a month on Monday as Iran said diplomatic exchanges with the United States were ongoing via mediators despite renewed conflict in the Middle East. Crude
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Tesla plans production boost at German Gigafactory as profits rise
BERLIN, July 19 — Tesla plans to increase production at its factory in Grünheide near Berlin in the 2026 financial year as demand recovers and profits improve, according to the company’s annual report for its German manufacturing unit, reported German
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‘Outright robbery’: China’s Jingye threatens UK with legal action after nationalisation of British Steel
BEIJING, July 19 — Jingye Steel demanded compensation and threatened the UK government with legal action today, after London took control of British Steel from the Chinese firm. Jingye, which bought British Steel in 2020, lost control of it last
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Boeing sees demand for 44,000 new fuel-efficient jets over next 20 years
NEW YORK, July 18 — Boeing projected Friday a global commercial fleet of 50,000 planes in 2045, more than 90 per cent of which will be more fuel-efficient “new-generation” aircraft. That compares with today’s global fleet of 28,000 airplanes, reflecting
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